London-based SaaS purchasing platform Vertice ‘has come out of stealth’ and announced on Thursday that it has secured $26M (approx €24.7M) in Series A round.
London-based fintech upstart SumUp has raised €590M that brings the total raised to €1.5B and an enterprise value of €8B.
Loot has launched version two of its app which provides for cash deposits and personal finance management; in its newest launch the app has accepted 25,000 new customers; the app helps customers track their spending and provides discounts from affiliated merchants; the version two launch of the app follows a $3.13 million funding round in November. Source
UK millennial banking app, Loot, has raised $2.5 million from backers that include SpeedInvest and Global Founders Capital; Loot is an app for millennials to monitor spending and transactions; an account is setup using a photo, ID/passport and a UK address. Source
By LOQBOX -- Latest partnership gives LOQBOX customers a further free unlock option LOQBOX have today announced they have partnered with Kroo in a bid to
In an op-ed in City A.M. the Lord Mayor of London, William Russell, argues that the fintech revolution began in...
The huge landmarks hit by cryptocurrencies worldwide, have underpinned the achievements of African countries adoption of the digital currency
Banks have been given a deadline of early 2018 to comply with new regulations that will allow for open banking; many industry experts believe this deadline is too tight; to comply, banks would need to completely overhaul their current security infrastructure and banks are not known to rapidly change anything; the UK's big four - Lloyds Banking Group, HSBC, Barclays and Royal Bank of Scotland - control 77% of personal current accounts and 85% of business accounts; these new regulations will allow consumers to control access to their data and give them comparison tools to shop for the best mortgage, credit card or loan. Source
Beleaguered hedge fund investor, Neil Woodford, has sold off large stakes in his P2P investment trust holdings; he sold £88...
In an interview with AltFi, Mambu CEO Eugene Danilkis explained he thinks the UK is the fintech hub of Europe; the digital banking platform sees this as the case partly because the UK government has done a great deal on bring more competition into the banking system; with the government support you have seen dozens of banking applications submitted and new entrants like Starling Bank, Atom and OakNorth have success; Mambu provides software to incumbents and startups, telling AltFi, “Incumbents will have to think like fintechs in order to develop channels of servicing clients quickly, seamlessly and creatively.” Source.